German bunds gain ahead of Euro block production data, Fed minutes

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Source: Bloomberg
© Scanpix\Reuters
German 10-year bunds advanced, sending yields lower from nearly 17-month high, as investors expect Euro block's production report and the Federal Reserve meeting minutes later this week for signals on when bond purchases will be reduced. German 10-year bond yield fell four basis points to 1.85% and the 1.5% note maturing in May 2023 gained 0.375 to 96.875.
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Tue, 20 Aug 2013 11:01:05 GMT

Concerns over Fed stimulus tapering push European stocks lower

European stock markets retreated on concerns that the Federal Reserve will start to scale back bond purchases in the next month. The European Euro Stoxx 50 decreased 1.47% to 2,781.67. German DAX dropped 1.17% to 8,268.14, while the French CAC 40 fell 1.53% to 4,021.33 and the British FTSE 100 slipped 0.60% to 6,427.53.

Tue, 20 Aug 2013 10:40:05 GMT

Euro jumps to new highs as Dollar falls

The 17-nation currency advanced versus the greenback as concerns over the Federal Reserve's bond purchase tapering outweighed the lower-than-forecast expansion in German producer prices. The common currency rose 0.28% to $1.3373 against the Dollar and gained 0.16% to 0.8535 against the Sterling, while declined 0.03% to 130.05 versus the Yen.

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